AG-Guideline 03b

Revised: 29/04/2013

BERJAYA UNIVERSITY COLLEGE

COURSE STRUCTURE

COURSE: ACC3313 TAXATION 2 (3 Cr)

PREREQUISITE:
Nil

COURSE DESCRIPTION:
This module aims at introducing to students all aspects of partnership, company taxation, investment
incentive, real property gains tax and indirect taxes.

LEARNING OUTCOMES:
Successful students will be able to:
LO1: Compute and analyse the essential features for company taxation, real property gains tax, and indirect
taxation.
LO2: Compute and evaluate the relevant tax incentives and withholding tax application.
LO3: Determine and suggest the basis period of company in relation to commencement and change of
accounting period.
LO4: Translate the business profit and loss into tax chargeability.

COURSE FORMAT:
Instructional/Lecture: 2 hours per week, Tutorial: 1 hours per week
TOTAL STUDENT LEARNING TIME (SLT) (L = Lecture; T = Tutorial; P = Practical; O = Others)
Face to Face Guided & Independent Learning Total Student Learning Time
L T P O (hr) (hr)

24 12 - 5 81 122

STUDENT EVALUATION FORMAT:

Test: 15%, Group Assignment: 30%, Individual Assignment: 15%
Final Examination: 40%.

FINAL EXAMINATION FORMAT:

Duration: 3 hours
Answer 4 structured questions

GRADING SCALE:
A (85-100), B+ (75-84), B (70-74), C+ (60-69), C (50-59), D (40-49), F (0-39)

BASIC TEXT:
1. Choong Kwai Fatt (2014), Malaysian Taxation – Principles and Practice, 20th edition, InfoWorld
2. Choong Kwai Fatt (2014), Advanced Malaysian Taxation – Principles and Practice, 16th edition, InfoWorld

REFERENCES:
1. Veerinderjeet Singh (2012), Veerinder on Malaysian Taxation Theory and Practice, CCH Asia Pte Ltd
2. Veerinderjeet Singh (2011), Veerinder on Malaysian Taxation, 2nd edition, CCH Asia Pte Ltd
3. Jeyapalan Kasipillai (2012), A Guide to Advanced Malaysian Taxation, McGraw Hill
4. CCH Tax Editors (2012), Malaysian Master Tax Guide, 29th Edition, CCH Asia
5. Income Tax Act 1967
6. Public Rulings and Guidelines issued by the Inland Revenue Board
7. Yearly Budget commentary issued by MIA, MIT and MICPA

CLASS SYLLABUS:

ACC3313 TAXATION 2 Page 1 of 3

 AG-Guideline 03b
Revised: 29/04/2013

No of
Topic covered
Weeks
1 Basis period
 Determination test for non-company and company
 Commencement of business
 Changes in accounting date
 Computation of adjusted income and capital allowance
2 Partnership
 Types of partnership
 Provisional adjusted income and divisible income
 Adjusted income of a partner
 Capital allowances
 Computation of tax liability
 Changes in partnership

3-4 Capital allowances

 Types of industrial buildings
 Determination of QBE
 Computation of IBA and disposal of IB
 Agriculture allowance
 Implication of controlled transfer in a related party transfer

5-6 Corporate tax

 Distinction of accounting income and taxation income
 Translation from income statement to adjusted income
 Taxable income and non-taxable income
 Tax allowable, non- allowable deduction, double deduction
 Tax computation
 Self assessment for company

7-8 Withholding Tax and Double Taxation Agreement

 Concepts and definition
 derivation of income
 Exemptions
 Non-compliance of Withholding Tax Provisions
 Double taxation agreement
 Permanent establishment
 Unilateral and Bilateral credit
9 Real property gain taxes for individual and company
 Principle and scope of tax
 Chargeable assets, chargeable person
 Computation of chargeable gain and allowable losses
 Exemption
 Computation of RPGT payable

10 Investment incentives
 Pioneer status
 Investment tax allowances
 Reinvestment tax allowance
 Double deduction available for manufacturing and service sector
 Promotion of export industries
Indirect taxes
11-12
 The function of Royal Malaysian Custom Department
 Overview of indirect tax
ACC3313 TAXATION 2 Page 2 of 3
 AG-Guideline 03b
Revised: 29/04/2013

 Good and services tax application (GST)

 Scope of taxes and duties
 Taxable person
 Tax rate and computation
 Exemption and refunds
 Offences and Penalties

Study week
13

Examination week
14

ACC3313 TAXATION 2 Page 3 of 3